# MileiMemeCoinControversyThe Milei Meme Coin controversy doesn't seem to be a widely reported topic, but I did find information on a similar controversy surrounding the Hawk Tuah Girl's $HAWK meme coin.

The $HAWK meme coin was launched by Haliey Welch, also known as the Hawk Tuah Girl, and was accused of being a "rug pull" scam. A rug pull is a type of cryptocurrency scam where developers abandon a project and sell their tokens, causing the price to plummet ¹ ².

After the launch, the $HAWK token's value crashed from nearly $500 million to $60 million in just 20 minutes. This led to accusations that Welch and her team had orchestrated the rug pull. However, Welch denied these allegations, stating that her team hadn't sold any tokens and that the crash was caused by "snipers" (investors who buy large quantities of new meme tokens at launch) ².

The controversy surrounding the $HAWK meme coin highlights the risks and uncertainties associated with investing in cryptocurrency, especially meme coins.